SVA Diversified Impact Fund

Investor update, October 2018

Photo: Teacher and students from Glenroy Secondary College, Vic. A Maths Pathway participating school

Dear Investor,

We are thrilled to announce that the SVA Diversified Impact Fund (the Fund) achieved final close at $15 million in June 2018, with the support of 12 new investors and three new philanthropic supporters, the Yarranabbe Foundation, the Maple-Brown Family Foundation and the Roberts Family. This brings the total number of investors to 63 along with 11 philanthropic supporters.

It is with great pleasure that we announce our first equity investment - Maths Pathway. You can read more below about
this ed tech company and how it's changing the way maths is taught in our schools.

2018 to date: We have approved seven investments including the Fund's three seed investments and Maths Pathway. The unit price as at 30 September 2018 is $0.3843.

We look forward to sharing more information on the other three approved investments as they reach financial close.

Our ultimate goal is to create social impact in Australia by investing in social purpose organisations that are post-revenue and ready to scale. Thank you again for being part of this journey.

We hope you enjoy this first newsletter. The first annual report will be released in October
2019.

Yours sincerely,
Michael, Alex and Nathan

Maths Pathway equity investment

The Fund has invested $1 million equity in Maths Pathway, an education services start-up and certified B Corporation changing the way students learn maths. It is an innovative approach to teaching maths that leverages technology and classroom best-practice to teach to each student’s point of need. This is vital in today’s schools with a vast spread of student maths comprehension in the typical classroom.

Its online platform provides individualised lessons with rich data to inform explicit teaching and opportunities for timely feedback interventions. The teacher development
program helps teachers bring practices that have the greatest impact on student learning to the classroom. The program leads to a maths growth rate twice that of a traditional classroom, according to data collected by Maths Pathway in 2017.

The investmentwill be used to improve classroom outcomes through product improvements, driving student engagement through interactive content and providing teachers even greater access to student data and planning information.

Our portfolio seed investments

The Aspire Program seeks to build the independence and resilience of people experiencing homelessness in Adelaide. It is a housing-first intensive case management program that works with participants for three years. The program addresses the complex personal and structural causes of their homelessness.

Resolve is a recovery-oriented community support program aimed at improving mental health outcomes. Approximately 530 adults will be supported by the Resolve Program over a seven-year service delivery period.

Meet the team: Alex Oppes

Impact Investment Summit Asia Pacific

As a Supporting Organisation of the Impact Investment Summit Asia Pacific, SVA are delighted to be able to offer our investors a 10% discount on all registrations. Please use the discount code SVA when registering at the checkout. 7-9 November 2018. SVA will be discussing:

7 Nov: Impact Investing Defined: Capital as a force for good and the funding continuum, 1:10PM. Michael Lynch

The information in this email is for general information purposes only and in passing it and any other material on to you Social Ventures Australia (SVA) is not providing you with any legal, tax, investment, financial or other advice. Nothing in this email should be construed or relied on as a representation, recommendation, endorsement, solicitation or offer by SVA or any third party in relation to any organisation, financial products or other investment. Before making any commitment of a legal or financial nature, you should carry out your own inquiries and seek such professional advice as you may require. SVA does not receive any remuneration or other benefit for passing on this information.